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AMN HEALTHCARE SERVICES INC（AMN）与DLH Holdings Corp.（DLHC）财务数据对比。点击上方公司名可切换其他公司
AMN HEALTHCARE SERVICES INC的季度营收约是DLH Holdings Corp.的10.9倍（$748.2M vs $68.9M）。AMN HEALTHCARE SERVICES INC净利率更高（-1.0% vs -1.9%，领先0.9%）。AMN HEALTHCARE SERVICES INC同比增速更快（1.8% vs -24.1%）。AMN HEALTHCARE SERVICES INC自由现金流更多（$67.6M vs $-4.8M）。过去两年AMN HEALTHCARE SERVICES INC的营收复合增速更高（-4.5% vs -17.4%）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
DLH Holdings Corp.是一家总部位于美国的政府服务供应商，主要为退伍军人事务部、国防部、卫生与公众服务部等联邦机构提供技术赋能的医疗、物流、工程及任务支持服务，同时服务部分州及地方公共部门客户。
AMN vs DLHC — 直观对比
营收规模更大
AMN
是对方的10.9倍
$68.9M
营收增速更快
AMN
高出26.0%
-24.1%
净利率更高
AMN
高出0.9%
-1.9%
自由现金流更多
AMN
多$72.4M
$-4.8M
两年增速更快
AMN
近两年复合增速
-17.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $68.9M |
| 净利润 | $-7.7M | $-1.3M |
| 毛利率 | 26.1% | — |
| 营业利润率 | 1.1% | 2.1% |
| 净利率 | -1.0% | -1.9% |
| 营收同比 | 1.8% | -24.1% |
| 净利润同比 | 95.9% | -218.7% |
| 每股收益（稀释后） | $-0.19 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMNDLHC
| Q4 25 | $748.2M | $68.9M | ||
| Q3 25 | $634.5M | $81.2M | ||
| Q2 25 | $658.2M | $83.3M | ||
| Q1 25 | $689.5M | $89.2M | ||
| Q4 24 | $734.7M | $90.8M | ||
| Q3 24 | $687.5M | $96.4M | ||
| Q2 24 | $740.7M | $100.7M | ||
| Q1 24 | $820.9M | $101.0M |
净利润AMNDLHC
| Q4 25 | $-7.7M | $-1.3M | ||
| Q3 25 | $29.3M | $-920.0K | ||
| Q2 25 | $-116.2M | $289.0K | ||
| Q1 25 | $-1.1M | $878.0K | ||
| Q4 24 | $-187.5M | $1.1M | ||
| Q3 24 | $7.0M | $2.3M | ||
| Q2 24 | $16.2M | $1.1M | ||
| Q1 24 | $17.3M | $1.8M |
毛利率AMNDLHC
| Q4 25 | 26.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 31.4% | — |
营业利润率AMNDLHC
| Q4 25 | 1.1% | 2.1% | ||
| Q3 25 | 7.5% | 2.8% | ||
| Q2 25 | -18.8% | 4.5% | ||
| Q1 25 | 1.8% | 5.7% | ||
| Q4 24 | -27.6% | 6.2% | ||
| Q3 24 | 3.2% | 6.6% | ||
| Q2 24 | 5.1% | 5.7% | ||
| Q1 24 | 4.9% | 5.9% |
净利率AMNDLHC
| Q4 25 | -1.0% | -1.9% | ||
| Q3 25 | 4.6% | -1.1% | ||
| Q2 25 | -17.7% | 0.3% | ||
| Q1 25 | -0.2% | 1.0% | ||
| Q4 24 | -25.5% | 1.2% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 2.2% | 1.1% | ||
| Q1 24 | 2.1% | 1.8% |
每股收益（稀释后）AMNDLHC
| Q4 25 | $-0.19 | $-0.09 | ||
| Q3 25 | $0.76 | $-0.07 | ||
| Q2 25 | $-3.02 | $0.02 | ||
| Q1 25 | $-0.03 | $0.06 | ||
| Q4 24 | $-4.90 | $0.08 | ||
| Q3 24 | $0.18 | $0.16 | ||
| Q2 24 | $0.42 | $0.08 | ||
| Q1 24 | $0.45 | $0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $34.0M | $257.0K |
| 总债务越低越好 | $767.1M | $133.5M |
| 股东权益账面价值 | $642.1M | $112.2M |
| 总资产 | $2.1B | $283.5M |
| 负债/权益比越低杠杆越低 | 1.19× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资AMNDLHC
| Q4 25 | $34.0M | $257.0K | ||
| Q3 25 | $52.6M | $125.0K | ||
| Q2 25 | $41.5M | $194.0K | ||
| Q1 25 | $55.8M | $196.0K | ||
| Q4 24 | $10.6M | $451.0K | ||
| Q3 24 | $30.6M | $342.0K | ||
| Q2 24 | $48.0M | $423.0K | ||
| Q1 24 | $50.6M | $238.0K |
总债务AMNDLHC
| Q4 25 | $767.1M | $133.5M | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | — | $138.3M | ||
| Q1 25 | — | $147.3M | ||
| Q4 24 | $1.1B | $162.2M | ||
| Q3 24 | — | $149.4M | ||
| Q2 24 | — | $160.9M | ||
| Q1 24 | — | $164.8M |
股东权益AMNDLHC
| Q4 25 | $642.1M | $112.2M | ||
| Q3 25 | $644.4M | $113.0M | ||
| Q2 25 | $607.6M | $113.7M | ||
| Q1 25 | $715.1M | $112.8M | ||
| Q4 24 | $706.6M | $111.4M | ||
| Q3 24 | $890.7M | $110.1M | ||
| Q2 24 | $876.9M | $108.6M | ||
| Q1 24 | $854.2M | $106.8M |
总资产AMNDLHC
| Q4 25 | $2.1B | $283.5M | ||
| Q3 25 | $2.1B | $290.7M | ||
| Q2 25 | $2.2B | $299.3M | ||
| Q1 25 | $2.4B | $306.6M | ||
| Q4 24 | $2.4B | $325.0M | ||
| Q3 24 | $2.7B | $314.4M | ||
| Q2 24 | $2.8B | $325.0M | ||
| Q1 24 | $2.9B | $325.9M |
负债/权益比AMNDLHC
| Q4 25 | 1.19× | 1.19× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | 1.49× | 1.46× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.48× | ||
| Q1 24 | — | 1.54× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $75.6M | $-4.8M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $-4.8M |
| 自由现金流率自由现金流/营收 | 9.0% | -7.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $233.8M | $29.2M |
8季度趋势，按日历期对齐
经营现金流AMNDLHC
| Q4 25 | $75.6M | $-4.8M | ||
| Q3 25 | $22.7M | $10.7M | ||
| Q2 25 | $78.5M | $9.6M | ||
| Q1 25 | $92.7M | $14.5M | ||
| Q4 24 | $72.8M | $-11.5M | ||
| Q3 24 | $66.7M | $12.4M | ||
| Q2 24 | $99.5M | $4.6M | ||
| Q1 24 | $81.4M | $5.2M |
自由现金流AMNDLHC
| Q4 25 | $67.6M | $-4.8M | ||
| Q3 25 | $14.8M | $10.7M | ||
| Q2 25 | $68.7M | $9.4M | ||
| Q1 25 | $82.7M | $14.0M | ||
| Q4 24 | $56.6M | $-12.1M | ||
| Q3 24 | $47.4M | $12.2M | ||
| Q2 24 | $72.2M | $4.5M | ||
| Q1 24 | $63.2M | $4.9M |
自由现金流率AMNDLHC
| Q4 25 | 9.0% | -7.0% | ||
| Q3 25 | 2.3% | 13.1% | ||
| Q2 25 | 10.4% | 11.2% | ||
| Q1 25 | 12.0% | 15.6% | ||
| Q4 24 | 7.7% | -13.3% | ||
| Q3 24 | 6.9% | 12.7% | ||
| Q2 24 | 9.8% | 4.4% | ||
| Q1 24 | 7.7% | 4.9% |
资本支出强度AMNDLHC
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 1.4% | 0.6% | ||
| Q4 24 | 2.2% | 0.6% | ||
| Q3 24 | 2.8% | 0.2% | ||
| Q2 24 | 3.7% | 0.2% | ||
| Q1 24 | 2.2% | 0.3% |
现金转化率AMNDLHC
| Q4 25 | — | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | — | 33.12× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | -10.35× | ||
| Q3 24 | 9.54× | 5.42× | ||
| Q2 24 | 6.13× | 4.06× | ||
| Q1 24 | 4.70× | 2.89× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
